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Caterpillar Bearish Moving Average Crossover Alert (CAT)

By Nick Russo

Today, shares of Caterpillar (NYSE:CAT) have crossed bearishly below their 10-day moving average of $105.06 on a volume of 804K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of Caterpillar have traded between a low of $56.36 and a high of $107.17 and are now at $104.63, which is 86% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has advanced 1.0%.

SmarTrend recommended that subscribers consider buying shares of Caterpillar on April 10th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $96.99. Since that recommendation, shares of Caterpillar have risen 8.5%. We continue to monitor CAT for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses Caterpillar

Ticker(s): CAT